Exploring the Genius Yield NFT Program: A Deep Dive

Genius Yield, a DeFi protocol, incorporates NFTs to create irresistible incentives for its global community of ISPO participants and followers. While “Late Fan” ... GetunlimitedaccessOpeninappHomeNotificationsListsStoriesWriteExploringtheGeniusYieldNFTProgram:ADeepDiveNFTsaresteepedinthepublicconsciousness,andaftertopping$40billionin2021,theirmarketsizeisprojectedtocommandbillionsin2022.ForwhatthefutureofNFTshold,manyDeFiprotocolsareleveragingthetech’suniquepropositionslikedigitalownershipwithon-chainprovenance(toguideotherproject-relatedprogramslikerewarddistribution)andmore.However,fewNFTsmintedbytheseDeFiprotocolshaveutilitythatbenefitsholders.GeniusYieldischangingthiswiththereleaseofGeniusYieldNFTs.Forinstance,holdersofISPONFTsand“LateFan”ISPONFTswouldunlocktheGENSstakingrewardprogramforISPOvestedGENS.Meanwhile,GeniusNFTholderscanreceivemoreGENSstakingrewards.ThismergerofDeFiandNFTsisasufficientdemonstrationthatNFTs,despitebeingrelativelynascent,canbeanintegralpartofrevolutionarycryptosub-sectorslikeDeFi.TheGeniusYieldISPOTheGeniusYieldISPOiscurrentlyprovingtobeamassivesuccess!Unlikenon-custodialcrowdfundingmodelslikeInitialExchangeOfferings(IEOs),ISPOsareuniquetoCardano,expresslytakingadvantageofthenetwork’suniquedelegationstructure.ADAdelegationtoanyISPOpoolisnon-custodial,anddelegatorsarefreetotransfertheirassetsifneedbe.SincetheGeniusYieldISPObeganonDecember15,2021(andisscheduledtoendafter30epochsonMay10,2022)ithasattractedmorethan12.9kparticipants,andover250millionADAhasbeencumulativelydelegatedbydifferentusers.ISPOdelegatorsarewithoutadoubtenticedbytheproject’smanyvaluepropositions.ApartfrombeingthefirstCardano-basedDEXofferingconcentratedliquidityandsmartswaps,itisthefirstintheDeFispacetolaunchanAI-poweredSmartLiquidityVaultontopoftheGeniusDEX.Toaddtoallthesefeatures,GeniusYieldwilluseNFTsasagiftforISPOparticipantsintheupcomingBonusRewardprogram.NFTsexistonpublicchainsandallowuserstotrulyowndigitalassets,abreakthroughinaspacethathasforyearsstruggledwithIntellectualProperty(IP)rightsinfringement.TorewardISPOparticipants,dependingonthestakingperiod,ADAdelegatorswillearntherighttoparticipateintheupcomingPublicSalescheduledimmediatelyaftertheendoftheISPO;thenGeniusYieldwillalsodistributeonemillionGENStoISPOparticipantsasdefinedunderitsBonusRewardProgram.Rewardswillbegovernedbyaweightingfactorthatensuresthattopcategories—thatis,ADAdelegatorswhodelegatedlongerorcommittedsignificantlyhighamountsofADA—receivemorerewardsthanthoseinthelowertiers.ThequantityofGENSreceivedwillalsodependonthenumberoftotalparticipants.UserswillalsoreceiveGeniusYield’sISPONFTsdependingontheirqualifiedcategory.Forinstance,ADAdelegatorswhoheldfor28epochsormore,stakingatleast500ADA,fallundertheDiamondHandscategoryandwillbeeligiblefortheDiamondHandsNFT.Delegatorsunderthiscategoryalsohavea3Xweighting,meaningtheystandtoreceivemoreGENSrewards.TheUtilityofGeniusYieldNFTsISPOand“LateFan”ISPONFTsGeniusYieldwillreleasetwotypesofNFTstiedtotheongoingISPO.TheGeniusYieldISPONFTwillbeclaimedbyeligibleADAdelegatorsasagiftintheupcomingBonusRewardProgramattheendoftheISPO(exactdatesyettobeannounced).However,GeniusYieldfanswhodidn’tqualifytoreceivetheISPONFTbutstakedforatleastoneepochcanstillpurchase“LateFan”ISPONFTs.GeniusYieldplanstosell2k“LateFan”NFTs,whereeachwillbepurchasedfor50ADA.TheISPONFTsand“LateFan”ISPONFTshavegreatutilityinGeniusYield.Forthefirsttime,holderswillunlocktheGENSstakingrewardprogramforISPOvestedGENS—amassivebenefitforstakers.Asaclarification,theGeniusYieldstakingprogramwillkickoffimmediatelyaftertheTokenGenerationEvent(TGE)andpublicsaleontheGeniusXlaunchpadforqualifiedISPOdelegators.Stakingrewardswillbegeneratedfromthe20percentGENSfeechargedonallGeniusDEXandYieldOptimizerVaulttransactions.Thisway,GeniusYieldhopestoattractmoreGeniusDEXusers,drivingupswappingvolumes.ThemoreGENSstakedbyauser,themorefeaturestheycanaccessintheGeniusDEXfeaturesandpremiumYieldOptimizervaults.Atthesametime,stakersalsohaveasayingovernance,forwardproposals,andvoteonchangesthatcoulddefinethedevelopmenttrajectoryoftheproject.Atthesametime,GENScanbeusedtopaytoaccesspremiumcontentintheGeniusAcademy.GeniusNFTsBesidesISPO-relatedNFTs,GeniusYieldplanstoselllimited-editionGeniusNFTs,accessibletoallregardlessoftheirparticipationintheISPO.GeniusNFTswillbeavailableinvariouscategoriesandquantitieswherepricingwillbeafactor.DependingontheGeniusNFTtype,holderswouldalsoaccessincreasedAPYsofanywherebetween2%to5%applicablewithinaspecificperiod,thereforeearningextraGENSstakingrewardsfromliquiditymining.HoldersofGeniusNFTsalsohaveachancetoownrareandexpertlycraftedNFTsfromtheCNFTpartnerGeniusYieldcollaborateswith.MoredetailsabouttheGeniusNFTsaretobeannounced.GeniusYieldisIngeniouslyBlendingNFTsandDeFiGeniusYield,aDeFiprotocol,incorporatesNFTstocreateirresistibleincentivesforitsglobalcommunityofISPOparticipantsandfollowers.While“LateFan”ISPONFTsandGeniusNFTscanbepurchased,GeniusYieldISPOisongoing,anddelegatorswhoparticipatestandtowinISPONFTsfromGeniusYield.MorefromGeniusYieldFollowGeniusYieldistheall-in-oneDeFiplatform,thatcombinesconcentratedliquidityDEXwithanautomatedyieldoptimizer.Lovepodcastsoraudiobooks?Learnonthegowithournewapp.TryKnowableRecommendedfromMediumRafalLosAutomationIsn’ttheSaviorYouThinkItIsJaycocioservicesCyberWarning,PleaseHeedbutNotFromMeDaryanHanshewCrypt2|DefendtheWebARIACybersecuritySolutionsWhatistheLatestConsumerDataProtectionActthatEveryoneisTalkingAbout?LucyPowerScamsAreHittingHarderThanEver!KevinThomasZeekNetworkSecurityMonitorTutorial:Part3(conn.log)RicharddeVriesinTalesfromaSecurityProfessionalDoyoureallyknowtheenvironmentyouneedtoprotect?SarapremashishSubdomainTakeovers:ADiffrentkind.AboutHelpTermsPrivacyGettheMediumappGetstartedGeniusYield1.6KFollowersGeniusYieldistheall-in-oneDeFiplatform,thatcombinesconcentratedliquidityDEXwithanautomatedyieldoptimizer.FollowHelpStatusWritersBlogCareersPrivacyTermsAboutKnowable